Source: Cubs’ Bryant gets record $10.85M deal

Watch Kris Bryant respond to setting a first year arbitration record after (0:30)

Watch Kris Bryant respond to setting a first year arbitration record after agreeing to terms with the Cubs on a $10.85 mil deal for 2018. Video by Jesse Rogers (0:30)

5:42 PM ET

CHICAGO — Former Rookie of the Year and MVP Kris Bryant received a record settlement for a first-time arbitration-eligible player on Friday as he agreed to a one-year, $10.85 million deal with the Chicago Cubs, avoiding arbitration, according to a source familiar with the situation.

The previous record was set by Ryan Howard, who received $10 million from the Philadelphia Phillies in 2008.

Bryant, 26, is one of three players, along with Buster Posey and Howard to win both the Rookie of the Year and MVP before becoming arbitration eligible.

Bryant has 94 home runs in his first three seasons in the big leagues to go with a .288 batting average and .388 on-base percentage. He ranked third in WAR in 2016 and 16th last season.

Teammate Addison Russell also agreed to terms for 2018, receiving a contract for $3.2 million.